KS, GA, NC and WA look to Increase Small Business Capital Using Securities Exemptions

Since 2011, three states (Kansas, Georgia and North Carolina) have enacted securities exemptions that allow their state&apos;s entrepreneurs and small businesses to raise up to $1 million dollars via the sale of securities to residents of the state — Washington lawmakers introduced similar legislation in 2013 session where it is still pending. These exemptions, commonly referred to as crowdfunding exemptions, are intended to increase the pool of investors for small businesses by allowing them to publicly offer securities without having to spend the significant time and cost associated with registering a sale of securities with the state. The enacted exemptions from Kansas, Georgia and North Carolina as well as the proposed legislation in Washington share several similarities and some notable differences. Read more…